A Lloyds Banking Group survey of 100 senior UK financial executives shows that 71% expect tokenization to reshape the industry, with a focus on faster settlements and liquidity management.
Seven UK banks have launched live trials of tokenized sterling deposits to test programmable money for faster payments and reduced transaction risks.
Coinbase remains listed as a member of UK Finance despite reports of its departure, while the company continues to expand its regulatory footprint in Britain.
UK regulators are developing a joint tokenization roadmap after industry feedback identified faster collateral movement as the primary benefit of the technology.
The UK's financial regulator is exploring a regulatory exemption for tokenized gold to facilitate its use as collateral and streamline digital trading.
